Goldcorp bids $526M for Probe Mines
Goldcorp (TSX: G; NYSE: GG) is acquiring gold junior Probe Mines (TSXV: PRB; US-OTC: PROBF) in a friendly all-share deal worth $526 million.
Industrial/Specialty Minerals
U.S. equities slip, Jan.5-9
The U.S. market fell during the week amid lower oil prices. The S&P 500 Index slipped 13.39 points to 2,044.81, while the Dow Jones Industrial Average fell 95.62 points to 17,737.37. The Nasdaq Composite closed down 22.74 points at…
BHP spinoff South32 to launch in mid-2015
BHP Billiton’s (LSE: BLT) spinoff company will be named South32, a nod to the location of its assets in the southern hemisphere and a more cryptic salute to the location of its main offices in Australia and South Africa.
Thompson Creek shutters Endako
VANCOUVER — Rough commodity markets are forcing miners to make tough decisions, and Colorado-based Thompson Creek Metals (TSX: TCM; NYSE: TC) is the most recent operator driven to place a struggling asset on temporary care and maintenance…
Commentary: Miners hit the road on Euro bus tour, Part I
MUNICH, GERMANY — Dave Hodge, the president of Zimtu Capital, has a public persona that transcends the Atlantic.
Cree Nation on board for Nemaska’s Whabouchi lithium mine
THE CREE NATION OF NEMASKA, QUEBEC — It took five years and more than 40 meetings, but Nemaska Lithium (TSXV: NMX; US-OTC: NMKEF) and the Cree Nation of Nemaska have signed an impact benefits agreement (IBA) that paves the way…
Iamgold tackles costs, cuts 45 head office jobs
Iamgold (TSX: IMG; NYSE: IAG) is trimming the fat on its balance sheet, with hopes of returning to a cash flow positive position next year.
Thompson Creek piles up cash in Q3
Thompson Creek Metals (TSX: TCM; NYSE: TC) is improving its operations and balance sheet, despite ending the third quarter in the red.
PotashCorp eyes stong 2014 finish
Despite Potash Corp. of Saskatchewan’s (TSX: POT; NYSE: POT) third-quarter profit declining 11%, it expects to finish the year on an upbeat note.
TSX advances, Oct. 20-24
The S&P/TSX Composite Index ended the trading week in positive territory, jumping 316 points to 14,543.82, but the gold and diversified miners didn’t follow the upward trend. The S&P/TSX Global Gold Index dipped 3 points to…
Orocobre defines new exploration target
Orocobre (TSX: ORL; US-OTC: OROCF) says its flagship Salar de Olaroz brine-based lithium project in the Puna region of Argentina’s northwestern province of Juyuy is expected to produce 17,500 tonnes per year of low-cost, battery-grade…
Commentary: As graphite prices stumble, more is needed for new operations to succeed
The latest China monthly graphite export data support the idea of some graphite price stabilization. Natural graphite prices trending lower would bolster their competitiveness against synthetic graphite and accelerate demand.